Deven Choksey on Kirit Parekh report & impact on oil & gas stocks
“Keeping of floor rate at $4 per MMBtu is basically giving a good sense for the exploration companies, as a result of which the downside seems protected at this point of time and gradually moving into the open market, prices from 2027 onwards is again suggesting that going forward the pains that the government PSUs are having right now would eventually go away if this particular mechanism is followed.”
